I’m continually amazed by the collaborative focus and community efforts involved in making these kinds of ventures successful. From Luther Metropolitan Ministries, which owns a metal working shop and commercial kitchen that hires the homeless, to Edwins, a five-star French restaurant serving amazing meals while helping people with criminal records – a hub of social entrepreneurs and social enterprises is emerging in the Cleveland community.
While non-profits and government agencies are often tasked with finding solutions to our communities’ societal ills, we need to broaden our perspective and utilize the power of the free market to bolster this initiative. Untapped resources like private equity can help serve this purpose and create ventures that fill market needs and social needs in tandem. Cleveland is off to an incredible start with over a dozen social enterprises and counting, but we must keep the momentum going.
By: Logan Fahey